HC Innovations Subsidiary, Enhanced Care Initiatives, Expands Management Team
SHELTON, Conn.--HC Innovations, Inc. (OTCBB: HCNV), a specialty care disease management company, today announced that Brett I. Cohen and Maureen A. Mulvey have been named to newly created positions at Enhanced Care Initiatives, Inc. (ECI), the wholly owned subsidiary and Management Company for all HC Innovations operating divisions. Brett Cohen was named Vice President, Strategic Development, and Maureen Mulvey was named Director of Human Resources.
In commenting on the additions, Dr. David Chess, Chief Executive Officer of HC Innovations, said, "We are indeed very fortunate to have identified two such seasoned professionals to join our management team. Brett's addition to ECI's management team is the first step in the implementation of our strategic plan designed to develop new business and bring additional value to the health plans and disease management companies we serve. Brett's extensive industry experience and track record will be invaluable in his role of refining the Company's strategy, developing new products and managing relationships with the health plans. Maureen is an extremely knowledgeable human resources executive with a reputation for developing human resource programs designed to link job descriptions, individual goals, reviews and corporate objectives. She will be responsible for all aspects of human resources. We are very excited to have both Brett and Maureen join our team, and we look forward to utilizing their talents and experience in building our company's future and enhancing the services we offer to our health plan partners."
Mr. Cohen brings over 12 years of executive and industry experience to the Company. Most recently, he served as Senior Director, Operations and Finance for the New England operations of Evercare, a division of United Healthcare, which provides health plans and care management to nursing home residents and community-based chronically ill individuals. Prior to his tenure with Evercare, Mr. Cohen served as Vice President, Business Development and Clinical Research Administration for Clinical Research Consultants, Inc., a site management organization specializing in clinical trials of pharmaceutical and biotechnology products. While with Clinical Research Consultants, Inc., Mr. Cohen developed and executed a business plan and market entry strategy that produced revenue growth of over 150% and increased profit margin from 14% to 26% over a three-year period. He negotiated the sale of the company in 2000 and was responsible for the integration with the buyer. Mr. Cohen has an MBA in Finance and Healthcare Management from the Wharton School, University of Pennsylvania, and a BA in Psychology from Yale University.
Prior to joining HC Innovations, Ms. Mulvey worked at Danbury, Connecticut-based Bristol Technology, Inc. Having joined Bristol in 1995 as its first human resources professional, she advanced to more senior positions during her 12-year tenure and was named Vice President of Human Resources in 2001. As Vice President of Human Resources, she was responsible for all aspects of human resources, including talent acquisition, compensation, benefits, performance, training, employee relations, immigration processing, multinational assimilation, career development and succession planning. During Bristol's acquisition in 2007, Ms. Mulvey was responsible for the integration of Bristol's human resources programs with the acquirer, Hewlett Packard. Prior to joining Bristol, Ms. Mulvey had a successful career in human resource management for IBM Corporation in White Plains, NY. She has an MBA in Human Resource Management and a BA in Communications/Management from Pace University.
About HC Innovations, Inc.
HC Innovations creates value and cost savings for HMOs, nursing homes, and insurance companies (government and private) by identifying niche markets with high medical costs and implementing proprietary solutions. HC Innovations combines proprietary information systems with highly trained nurses and nurse practitioners to improve health conditions with hands-on care. The results are improved patient outcomes. HC Innovations currently provides services for Medicare, Medicaid, sub-acute care and specialty-needs programs in Connecticut, New Jersey, New York, Tennessee, Texas, Florida, Ohio, Illinois and Massachusetts. For more information, visit www.hcinnovationsinc.com.
SAFE HARBOR ACT DISCLAIMER NOTICE
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
Contacts
HC Innovations, Inc.
David Chess, MD, Chief Executive Officer, 203-925-9600
In commenting on the additions, Dr. David Chess, Chief Executive Officer of HC Innovations, said, "We are indeed very fortunate to have identified two such seasoned professionals to join our management team. Brett's addition to ECI's management team is the first step in the implementation of our strategic plan designed to develop new business and bring additional value to the health plans and disease management companies we serve. Brett's extensive industry experience and track record will be invaluable in his role of refining the Company's strategy, developing new products and managing relationships with the health plans. Maureen is an extremely knowledgeable human resources executive with a reputation for developing human resource programs designed to link job descriptions, individual goals, reviews and corporate objectives. She will be responsible for all aspects of human resources. We are very excited to have both Brett and Maureen join our team, and we look forward to utilizing their talents and experience in building our company's future and enhancing the services we offer to our health plan partners."
Mr. Cohen brings over 12 years of executive and industry experience to the Company. Most recently, he served as Senior Director, Operations and Finance for the New England operations of Evercare, a division of United Healthcare, which provides health plans and care management to nursing home residents and community-based chronically ill individuals. Prior to his tenure with Evercare, Mr. Cohen served as Vice President, Business Development and Clinical Research Administration for Clinical Research Consultants, Inc., a site management organization specializing in clinical trials of pharmaceutical and biotechnology products. While with Clinical Research Consultants, Inc., Mr. Cohen developed and executed a business plan and market entry strategy that produced revenue growth of over 150% and increased profit margin from 14% to 26% over a three-year period. He negotiated the sale of the company in 2000 and was responsible for the integration with the buyer. Mr. Cohen has an MBA in Finance and Healthcare Management from the Wharton School, University of Pennsylvania, and a BA in Psychology from Yale University.
Prior to joining HC Innovations, Ms. Mulvey worked at Danbury, Connecticut-based Bristol Technology, Inc. Having joined Bristol in 1995 as its first human resources professional, she advanced to more senior positions during her 12-year tenure and was named Vice President of Human Resources in 2001. As Vice President of Human Resources, she was responsible for all aspects of human resources, including talent acquisition, compensation, benefits, performance, training, employee relations, immigration processing, multinational assimilation, career development and succession planning. During Bristol's acquisition in 2007, Ms. Mulvey was responsible for the integration of Bristol's human resources programs with the acquirer, Hewlett Packard. Prior to joining Bristol, Ms. Mulvey had a successful career in human resource management for IBM Corporation in White Plains, NY. She has an MBA in Human Resource Management and a BA in Communications/Management from Pace University.
About HC Innovations, Inc.
HC Innovations creates value and cost savings for HMOs, nursing homes, and insurance companies (government and private) by identifying niche markets with high medical costs and implementing proprietary solutions. HC Innovations combines proprietary information systems with highly trained nurses and nurse practitioners to improve health conditions with hands-on care. The results are improved patient outcomes. HC Innovations currently provides services for Medicare, Medicaid, sub-acute care and specialty-needs programs in Connecticut, New Jersey, New York, Tennessee, Texas, Florida, Ohio, Illinois and Massachusetts. For more information, visit www.hcinnovationsinc.com.
SAFE HARBOR ACT DISCLAIMER NOTICE
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
Contacts
HC Innovations, Inc.
David Chess, MD, Chief Executive Officer, 203-925-9600
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